North Star Leasing, a division of Peoples Bank announced the appointment of Bo Andersen as its division president. For more than 45 years, North Star Leasing has served businesses nationwide, building a reputation for flexible, relationship-driven equipment financing. With over 30 years of banking experience, Andersen brings deep knowledge of equipment finance and financial expertise, and a strong leadership record of sustained growth to his new role.
Before joining North Star Leasing, Andersen most recently served as managing director at Highland Capital since 2018 and prior to that held several other leadership roles at TCF, Societe Generale and Citibank. As division president, Andersen will focus on strategic growth initiatives, collaboration with bank leadership and deeper cross-functional alignment across the business unit. A key priority will be advancing a unified approach by supporting vendors with responsive financing solutions while offering bank customers streamlined access to equipment funding.
“I am honored to be given this opportunity to lead this extraordinary team at North Star,” said Andersen. “I look forward to working with our team to deliver results for our vendors and clients that help them grow their businesses, acquire the equipment they need and achieve their objectives.” We are excited to have Bo join the team at North Star Leasing. He is a great culture fit for our organization, and his depth of expertise in credit, with his proven track record of driving growth, will ensure that we have a high-performing team. We have every confidence he will take this division to new heights” stated Peoples Bank President & CEO, Tyler Wilcox.
While North Star Leasing will continue to operate with the speed and flexibility it is known for, Andersen’s leadership reinforces its commitment to disciplined growth, operational alignment and expanded market reach.
As part of Peoples Bank, North Star Leasing is uniquely positioned to offer vendors and customers the strength of a publicly traded financial institution combined with the agility of a dedicated equipment finance team, creating opportunity, scale and long-term partnership value.